Category Archives: eSports

Robert Kraft One of First to Tackle Ownership of New eSports League

Videogame maker Activision Blizzard Inc. announced on Wednesday, July 12, 2017, that seven international cities that will field teams for its upcoming Overwatch League, with buyers including New England Patriots owner, Robert Kraft, and chief operating officer for the New York Mets, Jeff Wilpon. Kraft will have ownership rights to a Boston-based team, and Wilpon will help field a team based in New York. Other cities will include Los Angeles, Miami-Orlando, San Francisco, Shanghai, and Seoul. The buy-in price for Los Angeles-based Immortals and…

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eSports Multibillion Dollar Question

As one of the fastest growing industries today, eSports is starting to garner the attention of not just investors, but also gamblers. The interest in eSports from sports bettors is predictable, given that this industry generated $325 million in revenue in 2015 from merchandise, media rights, advertising, and tickets alone. In fact, according to the market research firm Eilers & Krejcik, the unregulated eSports betting market generated around $7.4 billion in betting turnover in 2016 and is expected to reach $23 billion by 2020. As…

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